Adevinta has received regulatory approval for its imminent acquisition by Aurelia Bidco Norway, comprised of the Permira and Blackstone consortium.
A press release circulated last week says the settlement of the offer is expected to pass on 29 May 2024.
Shareholders who accept a cash consideration will receive NOK 115 (USD 10.46), at a valuation of $12.8 billion. The exchange rate for Norwegian Krone has taken a 20% hit in the past 12 months. When the bid for Adevinta was made in November 2023, Aurelia's offer valued Adevinta at $15.3 billion. Six months later, $2.5 billion has been knocked off the price.
Once the acquisition goes through, Aurelia will begin the process of delisting Adevinta from the Oslo Stock Exchange.
Realtor.com has reported strong growth in traffic, engagement, and search visibility on a new blog post, citing recent data from...
Read More
The British business-focussed newspaper, City AM has claimed that the UK's number two portal Zoopla has been put up for...
Read More
CoStar Group has reported strong Q1 2025 results, with the U.S.-based real estate data and marketplaces giant posting $732 million...
Read More
PropHero, the AI-powered CRM platform that helps property buyers find investment opportunities, has confirmed changes to its Australian operations just...
Read More
